What are the responsibilities and job description for the Director, Managing Counsel - BNY Issuer Services (Corporate Trust, Credit Services and Global Payments and Trade) position at BNY?
In this role, you’ll make an impact in the following ways:
- Advise on all aspects of corporate trust, commercial lending and global payments and trade transactions, products, programs, platforms, processes and related matters
- Negotiate and draft transactional agreements for the corporate trust business– including a broad range of structured finance, corporate debt, government, custody, escrow, insurance trust and public not-for-profit related agreements
- Structure, document, negotiate and close commercial lending transactions
- Negotiate and draft transactional agreements for BNY Mellon’s Global Payments and Trade business – including those related to supply chain finance, receivables finance, risk distribution, white label outsourcing, global banking terms for payments and liquidity services, and a broad range of traditional trade-finance products such as letters of credit, trade loans and the discounting of instruments and documents
- Manage escalations from various business stakeholders internally and outside counsel on transactional and documentation issues
- Assist on special, regional and global projects as required for the Corporate Trust, Credit Services, and Global Payments and Trade businesses
- At times interact with senior management and relevant business stakeholders
- Partner with control functions serving in an advisory or oversight capacity, such as Risk, Audit and Compliance
- Manage outside counsel and advise on business, regulatory and legal developments
- Collaborate with other Issuer Services Legal Team members, as needed
- Negotiate servicing outsourcing contracts
To be successful in this role, we’re seeking the following:
- Juris Doctor from an accredited law school and a member of the Pennsylvania or New York Bar.
- 3-7 years’ minimum of total work experience as a qualified attorney, including representing major financial institutions in corporate trust transactions.
- Commercial lending, fund finance or supply chain finance a plus
- Cross-border transactional experience a plus
- Ability to handle a diverse and demanding workload
- Excellent negotiation, analytical, problem-solving, drafting and communications skills
- Ability to function independently, but also as part of effective teams